Fuel prices set to fall

TRADE and Industry Minister George Lillikas yesterday suggested there was a possibility of a drop in fuel prices in the next few days.

The minister said lower prices had been paid for the latest fuel imports and in such cases the ministry intervenes in order to ensure the necessary price cuts that would benefit consumers.

The cost of companies’ imports would be checked and they would be compared with the ministry’s figures, Lillikas said.

After that, the advisory committee would decide whether the current prices were satisfactory or if there should be a decrease.

“Initial estimates show that there should be a decrease,” the minister said.

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